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Jakarta
Thursday, December 14, 2017
JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange (IDX) to temporarily suspended PT Media Nusantara Citra Tbk (IDX:MNCN) shares trading in all markets starting from the session I on Thursday (12/14), due to suspicion of fraud...
JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger domestic and external demand. This trend should carry on through to next year, according to the World Bank's December 2017 Indonesia Economic Quarterly. The country's real...
JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the party's executive board member Airlangga Hartarto, currently Indonesia’s Industry Minister as the Golkar new chairman. Airlangga Hartarto will replace Setya Novanto, who is currently a defendant in a mega...
JAKARTA (TheInsiderStories) - The Indonesian government and several financial institutions have started to promote the Komodo Bond in Europe this week. Four state-owned Enterprises (SOEs) has set a plan to issue Rp7 trillion (US$518.52 million). The roadshow was led by Minister of State-Owned Enterprises (SOEs) Rini Soemarno and supported by several...
JAKARTA (TheInsiderStories) - Uber Technologies Inc., on Wednesday announced the appointment of Monika Rudijono as the company’s new President Director of Indonesia Uber, starting January 2018. She replaces Alan Jiang. Monika currently holds the position as head of marketing and advertising in the global advertising company, Gray Group Indonesia. She leads Uber...
JAKARTA (TheInsiderStories) - Shareholders of PT Barito Pacific Tbk (IDX: BRPT) approved the company's plan to issue new shares as much as 5.6 billion shares or 40 per cent of the issued and fully paid shares of the company at nominal value of Rp500 per share, which enables the company to raise...
JAKARTA (TheInsiderStories) - Publicly listed coal mining company PT Indika Energy Tbk (IDX: INDY) together with its wholly owned subsidiary, PT Indika Inti Corpindo completed the purchase transaction of a 45 per cent interest in PT Kideco Jaya Agung (Kideco) from South Korean Samtan Co., Ltd. (Samtan) and PT Muji Inti Utama (Muji). After...
JAKARTA (TheInsiderStories)  - Korea Investment & Securities Co. (KIS), a leading brokerage in South Korea has acquired an Indonesian securities firm PT Danpac Sekuritas as part of its efforts to strengthen its overseas business. It signed a contract to take a 75 per cent stake in Danpac Sekuritas for 40 billion...
JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) through the Directorate General of Minerals and Coal has set the Indonesia Coal Reference Price (CRP) for December 2017 at US$ 94.04 per ton, slightly lower than in the previous month, at $94.84 per ton. Compared to the previous year...
JAKARTA (TheInsiderStories) - South Korean's Hyundai Motor will establish a joint venture (JV) in Indonesiaas a stepping stone in entering the commercial vehicle market in Indonesia and branch into the Southeast Asian market. The Korean automobile giant signed a joint venture agreement with Artha Graha Network (AG Network) on Tuesday (12/12) at...

Latest article

ECB, BI Keep Benchmark Rates, Signals Hold in Coming Months

JAKARTA (TheInsiderStories) - European Central Bank (ECB) and Bank Indonesia (BI) holds its benchmark rates at the current level to provide more stimulus for the company,...

The Fed Rates Hike 0.25%, Signals Three More in 2018

JAKARTA (TheInsiderStories) - U.S's Federal Reserves raising the interest rates by a quarter point to 1.5% for the third time this year and foresees three additional...

Industry Review: Indonesia Catching Up with Renewable Energy Development

JAKARTA (TheInsiderStories) - Indonesia has so far been moving at a snail’s growth in the development of renewable energy, for various reasons. However, this...

Hary Tanoe Requests IDX to Halt MNCN Stocks Trading

JAKARTA (TheInsiderStories) - Indonesian conglomerate, who is also the chairman of MNC Group Hary Tanoesoedibjo, has submitted a request to the Indonesian Stock Exchange...

World Bank Sees Indonesia GDP to Accelerate by 5.3% in 2018

JAKARTA (TheInsiderStories) - Indonesia economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger...

Golkar Support to Government Unchanged as Hartarto Takes Party Helm

JAKARTA (TheInsiderStories) - Indonesia's second largest political party, Golkar announced that the party's plenary meeting on Wednesday night (13/12) has agreed to appoint the...